Inizia
gthom9

IBM Meeting Heavy Resistance

International Business Machines Corporation (NYSE:IBM)  
gthom9 Aggiornato   
NYSE:IBM   International Business Machines Corporation
Chart Patterns Trend Analysis IBM breakout Technical Analysis
3
0
chartpattern trendanalysis ibm breakout technicalanalysis
IBM has been one of the worst DOW stocks of 2017, but things might change going ahead. IBM which should be seeing a bottoming in revenues as they return to growth from data analytic initiatives and a upgrade cycle in mainframes is on the verge of breaking out. Currently, IBM sits at a major resistance line. Watch for a breakout which could see the stock retest all time highs around $181.00, but a failed breakout may retest rising support around $155.00.
Trade attivo:
IBM broke out today. Going long IBM as long as it holds tomorrow.
Commento:
Watching to see if IBM holds at its current support.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.